Initial House Vote Totals Defeat Bailout

I seriously doubt this will change before the gavel drops. It's quite interesting to see the disconnect on Wall Street. One comment I heard from the floor of the New York Stock Exchange is that the Congress needs to do the will of the people. Indeed they do. And, they just did. Now get back to work and produce a working plan that people will support before the world comes to an end. You can do substantially better than this. Now hopefully they will.

Update: It's official. House Republicans steamrolled their President's plan. Update 2: Based on House Republican remarks it was because of the partisan foolishness of Speaker Pelosi. Her railing on Republicans right before the vote showed her complete lack of leadership skills and a lack of understanding that the 2006 vote was not a mandate for Democrats. It was a mandate to get rid of the status quo regardless of party. Pelosi might want to take that hike I recommended Hank Paulson should take. Let's use this opportunity to actually put a better bill on the table.